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Previous: FORD CREDIT AUTO RECEIVABLES TWO L P, 8-K, 1998-12-16 |
Next: FIRSTBANCORPORATION INC, 10QSB/A, 1998-12-16 |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-----
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) December 16, 1998
Union Financial Services-1, Inc.
----------------------------------
(Exact name of registrant as specified in its charter)
Nevada 333-28551 86-081775
----------------- --------------- ------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) ID Number)
6991 East Camelback Road, Suite B290, Scottsdale, Arizona 85251
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number,
including area code: (602) 947-7703
-------------
N/A
------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
Filing of Computational Materials.
This Current Report on Form 8-K is being filed to file a copy of
the Computational Materials (as defined below) prepared by Salomon Smith Barney,
as underwriter, in connection with the issuance by Union Financial Services-1,
Inc. of its Taxable Student Loan Asset-Backed Notes Series 1998. The term
"Computational Materials" shall have the meaning given in the No-Action Letter
of May 20, 1994 issued by the Securities and Exchange Commission (the "SEC") to
Kidder, Peabody Acceptance Corporation I, Kidder, Peabody & Co. Incorporated and
Kidder Structured Asset Corporation, as made applicable to other issuers and
underwriters by the SEC in response to the request of the Public Securities
Association dated May 24, 1994, and as supplemented in the No-Action Letter of
February 17, 1995 issued by the SEC to the Public Securities Association.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Computational Materials of Salomon Smith Barney
2
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
UNION FINANCIAL SERVICES-1, INC.
By: /s/ Ronald W. Page
---------------------------
Ronald W. Page
Senior Vice President
Dated: December 16, 1998
3
<PAGE>
EXHIBIT INDEX
Exhibit Page
99.01 Computational Materials of Salomon Smith Barney 5
4
EXHIBIT 99.1
UNION FINANCIAL SERVICES-1, INC.
$742,900,000 Taxable Student Loan Asset Backed Notes
Computational Materials
Neither the Issuer of the Notes nor any of its affiliates make any
representation as to the accuracy or completeness of the information herein. The
information herein is preliminary, and will be superseded by the applicable
prospectus supplement and by any other information subsequently filed with the
Securities and Exchange Commission. The information addresses only certain
aspects of the applicable security's characteristics and thus does not provide a
complete assessment. As such, the information may not reflect the impact of all
structural characteristics of the security. The assumptions underlying the
information, including structure and collateral, may be modified from time to
time to reflect changed circumstances. The attached term sheet is not intended
to be a prospectus and any investment decision with respect to the Notes should
be made by you based solely upon all of the information, contained in the final
prospectus. Under no circumstances shall the information presented constitute an
offer to sell or the solicitation of an offer to buy nor shall there be any sale
of the securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of such jurisdiction. The securities may not be sold nor may an offer to
buy be accepted prior to the delivery of a final prospectus relating to the
securities. All information described herein is preliminary, limited in nature
and subject to completion or amendment. No representation is made that the above
referenced securities will actually perform as described in any scenario
presented. The Depositors have not prepared, reviewed or participated in the
preparation hereof, are not responsible for the accuracy hereof and have not
authorized the dissemination hereof. A final prospectus and prospectus
supplement may be obtained by contacting the Salomon Smith Barney Syndicate Desk
at (212) 783-3727.
<PAGE>
- --------------------------------------------------------------
UNION FINANCIAL SERVICES - 1 - $1,314,400,000
$742,900,000 SERIES 1998AB
35CPR NO RECYCLING NO AUCTION CALL
- --------------------------------------------------------------
- --------------------------------------------------------------
A-7 A-8 A-9
Principal Principal Principal
------------------------------
12 22 1998
1 1 1999 0 0 0
2 1 1999 0 0 0
3 1 1999 0 0 0
4 1 1999 0 0 0
5 1 1999 0 0 0
6 1 1999 0 0 0
7 1 1999 0 0 0
8 1 1999 0 0 0
9 1 1999 0 0 0
10 1 1999 0 0 0
11 1 1999 0 0 0
12 1 1999 0 0 0
1 1 2000 0 0 0
2 1 2000 0 0 0
3 1 2000 0 0 0
4 1 2000 0 0 0
5 1 2000 0 0 0
6 1 2000 0 0 0
7 1 2000 0 0 0
8 1 2000 0 0 0
9 1 2000 0 0 0
10 1 2000 0 0 0
11 1 2000 0 0 0
12 1 2000 0 0 0
1 1 2001 0 0 0
2 1 2001 0 0 0
3 1 2001 0 0 0
4 1 2001 0 0 0
5 1 2001 0 0 0
6 1 2001 0 0 0
7 1 2001 0 0 0
8 1 2001 0 0 0
9 1 2001 0 0 0
10 1 2001 0 0 0
11 1 2001 0 0 0
12 1 2001 0 0 0
1 1 2002 0 0 0
2 1 2002 0 0 0
3 1 2002 0 0 0
4 1 2002 0 0 0
5 1 2002 0 0 0
6 1 2002 0 0 0
7 1 2002 0 0 0
8 1 2002 15550000 0 0
9 1 2002 15300000 0 0
10 1 2002 14450000 0 0
11 1 2002 13600000 0 0
12 1 2002 9400000 0 0
1 1 2003 9500000 0 0
2 1 2003 9300000 0 0
3 1 2003 9600000 0 0
4 1 2003 9500000 0 0
5 1 2003 9400000 0 0
6 1 2003 9400000 0 0
7 1 2003 0 8600000 0
8 1 2003 0 9300000 0
9 1 2003 0 9500000 0
10 1 2003 0 9200000 0
11 1 2003 0 8500000 0
12 1 2003 0 8200000 0
1 1 2004 0 7900000 0
2 1 2004 0 7700000 0
3 1 2004 0 7400000 0
4 1 2004 0 7000000 0
5 1 2004 0 6600000 0
6 1 2004 0 6600000 0
7 1 2004 0 6200000 0
8 1 2004 0 5500000 0
9 1 2004 0 6300000 0
10 1 2004 0 5400000 0
11 1 2004 0 5100000 0
12 1 2004 0 0 5100000
1 1 2005 0 0 4900000
2 1 2005 0 0 4600000
3 1 2005 0 0 4500000
4 1 2005 0 0 4200000
5 1 2005 0 0 4000000
6 1 2005 0 0 3800000
7 1 2005 0 0 3700000
8 1 2005 0 0 3500000
9 1 2005 0 0 3400000
10 1 2005 0 0 3200000
11 1 2005 0 0 3100000
12 1 2005 0 0 77000000
1 1 2006 0 0 0
2 1 2006 0 0 0
3 1 2006 0 0 0
4 1 2006 0 0 0
5 1 2006 0 0 0
6 1 2006 0 0 0
7 1 2006 0 0 0
8 1 2006 0 0 0
9 1 2006 0 0 0
10 1 2006 0 0 0
11 1 2006 0 0 0
12 1 2006 0 0 0
1 1 2007 0 0 0
2 1 2007 0 0 0
3 1 2007 0 0 0
4 1 2007 0 0 0
5 1 2007 0 0 0
6 1 2007 0 0 0
7 1 2007 0 0 0
8 1 2007 0 0 0
9 1 2007 0 0 0
10 1 2007 0 0 0
11 1 2007 0 0 0
12 1 2007 0 0 0
1 1 2008 0 0 0
2 1 2008 0 0 0
3 1 2008 0 0 0
4 1 2008 0 0 0
5 1 2008 0 0 0
6 1 2008 0 0 0
7 1 2008 0 0 0
8 1 2008 0 0 0
9 1 2008 0 0 0
10 1 2008 0 0 0
11 1 2008 0 0 0
12 1 2008 0 0 0
1 1 2009 0 0 0
2 1 2009 0 0 0
3 1 2009 0 0 0
4 1 2009 0 0 0
5 1 2009 0 0 0
6 1 2009 0 0 0
7 1 2009 0 0 0
8 1 2009 0 0 0
9 1 2009 0 0 0
10 1 2009 0 0 0
11 1 2009 0 0 0
12 1 2009 0 0 0
1 1 2010 0 0 0
2 1 2010 0 0 0
3 1 2010 0 0 0
4 1 2010 0 0 0
5 1 2010 0 0 0
6 1 2010 0 0 0
7 1 2010 0 0 0
8 1 2010 0 0 0
9 1 2010 0 0 0
10 1 2010 0 0 0
11 1 2010 0 0 0
12 1 2010 0 0 0
1 1 2011 0 0 0
2 1 2011 0 0 0
3 1 2011 0 0 0
4 1 2011 0 0 0
5 1 2011 0 0 0
6 1 2011 0 0 0
7 1 2011 0 0 0
8 1 2011 0 0 0
9 1 2011 0 0 0
10 1 2011 0 0 0
11 1 2011 0 0 0
12 1 2011 0 0 0
1 1 2012 0 0 0
2 1 2012 0 0 0
3 1 2012 0 0 0
4 1 2012 0 0 0
5 1 2012 0 0 0
6 1 2012 0 0 0
7 1 2012 0 0 0
8 1 2012 0 0 0
9 1 2012 0 0 0
10 1 2012 0 0 0
11 1 2012 0 0 0
12 1 2012 0 0 0
1 1 2013 0 0 0
2 1 2013 0 0 0
3 1 2013 0 0 0
4 1 2013 0 0 0
5 1 2013 0 0 0
6 1 2013 0 0 0
7 1 2013 0 0 0
8 1 2013 0 0 0
9 1 2013 0 0 0
10 1 2013 0 0 0
11 1 2013 0 0 0
12 1 2013 0 0 0
1 1 2014 0 0 0
2 1 2014 0 0 0
3 1 2014 0 0 0
4 1 2014 0 0 0
5 1 2014 0 0 0
6 1 2014 0 0 0
7 1 2014 0 0 0
8 1 2014 0 0 0
9 1 2014 0 0 0
10 1 2014 0 0 0
11 1 2014 0 0 0
12 1 2014 0 0 0
1 1 2015 0 0 0
2 1 2015 0 0 0
3 1 2015 0 0 0
4 1 2015 0 0 0
5 1 2015 0 0 0
6 1 2015 0 0 0
7 1 2015 0 0 0
8 1 2015 0 0 0
9 1 2015 0 0 0
10 1 2015 0 0 0
11 1 2015 0 0 0
12 1 2015 0 0 0
1 1 2016 0 0 0
2 1 2016 0 0 0
3 1 2016 0 0 0
4 1 2016 0 0 0
5 1 2016 0 0 0
6 1 2016 0 0 0
7 1 2016 0 0 0
8 1 2016 0 0 0
9 1 2016 0 0 0
10 1 2016 0 0 0
11 1 2016 0 0 0
12 1 2016 0 0 0
1 1 2017 0 0 0
2 1 2017 0 0 0
3 1 2017 0 0 0
4 1 2017 0 0 0
5 1 2017 0 0 0
6 1 2017 0 0 0
7 1 2017 0 0 0
8 1 2017 0 0 0
9 1 2017 0 0 0
10 1 2017 0 0 0
11 1 2017 0 0 0
12 1 2017 0 0 0
1 1 2018 0 0 0
2 1 2018 0 0 0
3 1 2018 0 0 0
4 1 2018 0 0 0
5 1 2018 0 0 0
6 1 2018 0 0 0
7 1 2018 0 0 0
8 1 2018 0 0 0
9 1 2018 0 0 0
10 1 2018 0 0 0
11 1 2018 0 0 0
12 1 2018 0 0 0
1 1 2019 0 0 0
2 1 2019 0 0 0
3 1 2019 0 0 0
4 1 2019 0 0 0
5 1 2019 0 0 0
6 1 2019 0 0 0
7 1 2019 0 0 0
8 1 2019 0 0 0
9 1 2019 0 0 0
10 1 2019 0 0 0
11 1 2019 0 0 0
12 1 2019 0 0 0
1 1 2020 0 0 0
2 1 2020 0 0 0
3 1 2020 0 0 0
4 1 2020 0 0 0
5 1 2020 0 0 0
6 1 2020 0 0 0
7 1 2020 0 0 0
8 1 2020 0 0 0
9 1 2020 0 0 0
10 1 2020 0 0 0
11 1 2020 0 0 0
12 1 2020 0 0 0
1 1 2021 0 0 0
2 1 2021 0 0 0
3 1 2021 0 0 0
4 1 2021 0 0 0
5 1 2021 0 0 0
6 1 2021 0 0 0
7 1 2021 0 0 0
8 1 2021 0 0 0
9 1 2021 0 0 0
10 1 2021 0 0 0
11 1 2021 0 0 0
12 1 2021 0 0 0
1 1 2022 0 0 0
2 1 2022 0 0 0
3 1 2022 0 0 0
4 1 2022 0 0 0
5 1 2022 0 0 0
6 1 2022 0 0 0
7 1 2022 0 0 0
8 1 2022 0 0 0
9 1 2022 0 0 0
10 1 2022 0 0 0
11 1 2022 0 0 0
12 1 2022 0 0 0
1 1 2023 0 0 0
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